This is the first week of my new Forex trading journey. Well, am I lucky or unlucky? I have encountered almost all of the worst scenarios of my system, Dang! My weekly position was stopped and reverse and stopped again immediately after release of British Interest Rate Statement. The spike and reversal killed my positions. […]
Dummy day trading #66 04-April-2007 NQ Long trade closed
I saw a dummy setup right before I shut down my Tradestation. This is a small R trade. Long position of NQ futures was established around 1205pm. NQ was moving in my favour, however, it was slow. And subsequently, an ugly big down candle at 1230pm pissed me off. I bailed out with 0.21 R […]
Lesson 03-April-2007: Monkey around the stop
This series of short notes is to record down thoughts, skills, and any lessons that I have learned from day to day trading. I am not talking about Technical analysis. One can really learn TA by getting a good book, and practice, so nothing much to discuss here. So, what did I learn recently? Stop […]
FX day trade #02 03-April-2007
Not a good day for day trading GBP/USD. I was stopped out twice . End with -2 R loss. GBP/USD reversed the direction around 3am EST. I call it a day for day trading system. I am still holding GBP/USD for my weekly system. Summary: Long GBP/USD; Result: -1 R Short GBP/USD; Result: -1 R […]
FX day trade #01 03-April-2007
This series of journal is to record my Forex day trade system. I am not going to describe the details of my system, since, it is customized to suit my trading style. Basically, it is a SAR (Stop and Reverse) system. And there is no guarantee of success. Anyway, I made a mistake today, I […]
My Forex Trading challenge
After spending the weekend to draft out my trading plan, I start my Forex trading this month. I did that before, and now I am trying again with totally different style and strategies. The reason of picking up this trading vehicle again is to utilize the advantage of staying in Asia (since I have no […]
